Officers on Duty E47 | IRS Officer's Daily Work Schedule | Akash Agrawal IRS 2018

Описание к видео Officers on Duty E47 | IRS Officer's Daily Work Schedule | Akash Agrawal IRS 2018

In this episode of Officers on Duty, we meet IRS Akash Agrawal, 2018 batch, who explains all about Life as an IRS Officer by taking us along on a day in his life as an IRS Officer in India.

The Indian Revenue Service, often abbreviated as IRS, is the administrative revenue civil service under Group A[4] of the Central Civil Services of the executive branch of the Government of India. It functions under the Department of Revenue of the Ministry of Finance and is under the administrative direction of the Revenue Secretary and the ministerial command of the Minister of Finance. The IRS is primarily responsible for collecting and administering direct and indirect taxes accruing to the Government of India.

The IRS comprises two branches, the Indian Revenue Service (Income Tax) and the Indian Revenue Service (Custom & Indirect Taxes), controlled by two separate statutory bodies, the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC). The duties of the IRS (IT) include among others, formulation of domestic direct tax policy (through the Tax Policy and Legislation Section, formulation of international tax policy (through the Foreign Tax and Tax Research Division, handling policy matters in respect of investigation of tax evasion (through the Investigation Section, updating, resolving and maintaining the relevant laws (through the ITA Division), administering the direct tax policy (through its field offices across the country, and administering all the associated administrative functions pertaining to direct taxes. The duties of the IRS (C&IT) include formulation and enforcement of policy concerning the Goods and Services Tax, prevention of smuggling, and administration of matters related to Customs and Narcotics.

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